Jason P. Teter - 21 Feb 2023 Form 4 Insider Report for Vulcan Materials CO (VMC)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
23 Feb 2023, 17:07:30 UTC
Prior SEC filing
14 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Denson N. Franklin III, Attorney-In-Fact

Key filing fact

Jason P. Teter filed Form 4 for Vulcan Materials CO (VMC) on 23 Feb 2023.

Key facts

  • This page summarizes Jason P. Teter's Form 4 filing for Vulcan Materials CO (VMC).
  • 7 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 23 Feb 2023, 17:07.

Change

  • Previous filing in this sequence was filed on 14 Feb 2023.
  • Current net transaction value: -$80,151.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VMC transaction

Common Stock

Options Exercise

Transaction value
Shares
+1,000
Change %
+7.5%
Price
Shares after
14,265
Date
22 Feb 2023
Ownership
Direct
Footnotes
F1
VMC transaction

Common Stock

Tax liability

Transaction value
$80,151
Shares
-444
Change %
-3.1%
Price
$180.52
Shares after
13,821
Date
22 Feb 2023
Ownership
Direct
VMC holding

Common Stock (401k)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,031
Date
21 Feb 2023
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VMC transaction Derivative

Performance Share Units

Award

Transaction value
$0
Shares
+3,030
Change %
Price
$0.000000
Shares after
3,030
Date
21 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,030
Exercise price
Footnotes
F2
VMC transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+1,010
Change %
Price
$0.000000
Shares after
1,010
Date
21 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,010
Exercise price
Footnotes
F1, F3
VMC transaction Derivative

Stock Appreciation Right

Award

Transaction value
$0
Shares
+2,450
Change %
Price
$0.000000
Shares after
2,450
Date
21 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,450
Exercise price
$180.52
Footnotes
F4
VMC transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+8,550
Change %
Price
$0.000000
Shares after
8,550
Date
21 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,550
Exercise price
Footnotes
F3, F5
VMC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
22 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,000
Exercise price
Footnotes
F1, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.

Footnote F2

Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2023 and ends on December 31, 2025. At the end of the Performance Period, the Compensation Committee determines the payment amount based on (1) the Company's Total Shareholder Return relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in stock on a payment date determined by the Compensation Committee.

Footnote F3

Restricted Stock Units cliff vest on the specified date and are settled in shares of Vulcan Common Stock within 75 days after the applicable vesting date.

Footnote F4

Stock Appreciation Right vests in three (3) equal annual installments beginning on this date.

Footnote F5

Represents special retention grant.

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